Allegheny Power 2015 Annual Report Download - page 10

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DEAR SHAREHOLDERS:
FirstEnergy’s management team and employees
made significant progress in 2015. Your Board
of Directors commends their efforts to achieve
customer-focused growth in the company’s regulated
utility operations, manage risk in its competitive
business, and reduce expenses.
Your Board provided an annual dividend rate of
$1.44 per share in 2015. As FirstEnergy addresses
future opportunities and challenges, we will continue
to review the dividend on a quarterly basis.
Your Board is committed to maintaining the
appropriate practices and policies that help ensure
good corporate governance. We also support
your management team as it focuses on ensuring
employee safety, providing outstanding service to
customers, enhancing the company’s environmental
performance, and delivering consistent and
predictable financial results.
I welcome Thomas N. Mitchell, who was elected
to serve on the company’s Board in January 2016.
Tom is a well-respected nuclear industry veteran
with 38 years of experience in the field, including
leadership positions at the World Association of
Nuclear Operators, the Institute of Nuclear Power
Operations, the Nuclear Energy Institute and the
Electric Power Research Institute.
Your Board remains dedicated to representing your
interests and enhancing the value of your investment
in FirstEnergy. Thank you for your ongoing support.
Sincerely,
George M. Smart,
Chairman of the Board
8
Charles E. Jones
President and Chief Executive Officer
Leila L. Vespoli
Executive Vice President, Markets and Chief Legal
Officer
James H. Lash
Executive Vice President and President,
FE Generation
James F. Pearson
Executive Vice President and Chief Financial Officer
Gary D. Benz
Senior Vice President, Strategy
Lynn M. Cavalier
Chief Human Resource Officer
Dennis M. Chack
Senior Vice President, Marketing and Branding
Michael J. Dowling
Senior Vice President, External Affairs
Bennett L. Gaines
Senior Vice President, Corporate Services and
Chief Information Officer
Charles D. Lasky
Senior Vice President, Human Resources
Donald R. Schneider
President, FirstEnergy Solutions
Steven E. Strah
Senior Vice President and President, FirstEnergy Utilities
K. Jon Taylor
Vice President, Controller and Chief Accounting Officer
* More detailed information on the principal occupation or
employment of each of our executive officers and the principal
business of any organization by which FirstEnergy Executive
Officers are employed may be found on page 145 of this report.
FIRSTENERGY CORP. EXECUTIVE OFFICERS*
FIRSTENERGY BOARD OF DIRECTORS
George M. Smart
Non-executive Chairman
of the FirstEnergy Corp.
Board of Directors.
Retired, formerly
President of Sonoco-
Phoenix, Inc.
Paul T. Addison
Retired, formerly
Managing Director in the
Utilities Department of
Salomon Smith Barney
(CitiGroup).
Julia L. Johnson
President of
NetCommunications, LLC
(regulatory and public
affairs firm).
Thomas N. Mitchell
Retired, formerly
President, CEO and
Director of Ontario
Power Generation Inc.
Robert B. Heisler, Jr.
Retired, formerly Dean
of the College of Business
Administration and
Graduate School of
Management of Kent
State University. Retired
Chairman of the Board
of KeyBank N.A.
Donald T. Misheff
Retired, formerly
Managing Partner of the
Northeast Ohio offices of
Ernst & Young LLP.
Luis A. Reyes
Retired, formerly
Regional Administrator
of the U.S. Nuclear
Regulatory Commission.
Michael J. Anderson
Chairman of the Board
of The Andersons, Inc.
(diversified agribusiness).
Charles E. Jones
President and Chief
Executive Officer of
FirstEnergy Corp.
Ernest J. Novak, Jr.
Retired, formerly
Managing Partner of
the Cleveland office of
Ernst & Young LLP.
Dr. Jerry Sue Thornton
CEO of Dream Catcher
Educational Consulting
(higher education
coaching and professional
development). Retired
President of Cuyahoga
Community College.
William T. Cottle
Retired, formerly
Chairman of the Board,
President and Chief
Executive Officer of
STP Nuclear Operating
Company.
Ted J. Kleisner
Retired, formerly
Chairman of the Board
and Chief Executive
Officer of Hershey
Entertainment & Resorts
Company.
Christopher D.
Pappas
President and Chief
Executive Officer of
Trinseo S.A., formerly
Styron LLC (plastics,
latex and rubber
producer).